– $1,300,000 First Mortgage – Freemason owned Mixed-Use property – Brooklyn, NY

Posted on Mar,01 2021
by Rich Salinaro in Blog

 

$1,300,000 First Mortgage – Freemason owned Mixed-Use Property- Brooklyn, NY

This was another repeat borrower for H&O Capital Funding, and they coincidentally were also a fraternal order of Freemasons based out of Brooklyn.  The borrowers had an existing first mortgage with H&O for $750,000 and needed to clear some cash for property improvements. The retail space at the property is fully leased to a small grocery store and the Freemasons occupy the upper 3 floors, where they want to do the renovation work.  Although it took some time to get all board members to sign off on the loan, H&O was still able to close the loan in 3 weeks.

H&O Capital Funding  has helped countless real estate buyers, sellers, lessees and lessors achieve their goals. Our legacy is unwavering commitment to the communities we serve. Houlihan & O’Malley Commercial Real Estate Services specializes in four distinct, yet overlapping, areas of business: Commercial Brokerage services, Private Mortgage services, Appraisal Services and Advisory services.

For more information on loans that we offer, visit our website.

 

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